Manufacturers Mount Legal Challenge to Conflict Minerals Rule

Three of the largest U.S. business groups have filed a legal challenge against the Securities and Exchange Commission’s rule requiring U.S.-listed companies to determine, starting next year, whether their products include minerals blamed for fueling violence in the Democratic Republic of Congo. The move could force a delay of the rule, which companies have criticized as costly.

The National Association of Manufacturers, U.S. Chamber of Commerce, and the Business Roundtable filed the petition for review in the U.S. Court of Appeals in Washington D.C. on Friday, asking that the rule be modified or set aside.

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